The leasing company Unileasing has issued bonds for a total amount of 4,000,000 manats.
According to the Baku Stock Exchange, the relevant prospectus for 4,000 unsecured interest-bearing book-entry bonds with par value of AZN 1,000 passed state registration.
According to the prospectus, the securities circulation period is 12 months and the annual percentage rate is 10.5%. The underwriter of the securities is Unicapital.
The founders of JSC Unileasing are Unibank (66.67% equity) and the European Bank for Reconstruction and Development (33.33%). The priorities of the company are car leasing, construction machinery, vehicles, industrial and medical equipment, and real estate. - 15B -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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